Property Brisbane 

Buyers have returned to the Brisbane City and Brisbane greater property market in numbers not seen since the peak of our market back in 2007. Confidence has certainly returned to the capital city's market with first home buyers, up-graders and investors all active over the period. Preliminary sales numbers for houses were up by about 28 per cent over the June quarter.

On the back of this increased demand, Brisbane's median house price has increased 3.3 per cent to $480,000 while its unit and townhouse price is up an even more impressive 4.2 per cent to $382,400 over the June quarter. One of the reasons for the impressive increase for Townhouses and Unit as this is the budget that a lot of the first home buyers are in which is under the $400,000 mark.

There has been some suburbs which have outperformed others in the housing market for varies reason but these areas have had very good consistent growth for years now and all indications are showing us that there is no reasons why this will not continue. We will cover the surrounding Brisbane suburbs down further in the article. The inner eastern riverside suburbs of Balmoral, Bulimba, East Brisbane, Hawthorne, Morningside and Normal Park all enjoyed double-digit price growth over the period.

While these suburbs have always been popular, having medians in the upper price ranges of between $570,000 (Norman Park) to $925,000 (Bulimba) are an indication that a renewed confidence has returned to second and third-home buyers in recent months. Another strong performer in Brisbane for houses was Ascot, where its median increased 29.1 per cent to $932,500 over the quarter. While this result was affected by the varying quality of stock sold, it also highlights the improving quality of homes coming onto the market as sellers take advantage of renewed interest in prestige property.

Solid performers for units and townhouses over the quarter were also inner-ring suburbs – this time Auchenflower, Toowong and Yeronga.
Auchenflower and Toowong are both located within 5km of Brisbane's CBD and have a mix of established and new unit complexes available. Yeronga is 7km south of the city and is in a prime position along the Brisbane River.

Property Brisbane & Outer Suburbs

Affordability again has been the draw-card over the June quarter, attracting robust sales numbers across Greater Brisbane and steadily increasing house prices. The much talked-about FHOB has no doubt contributed to the rising results in both sales and median prices for the period, as many first-time buyers take advantage of low interest rates and government initiatives.

The Logan area was one of the best performing region throughout Greater Brisbane for the year with its median house price up 9.7 per cent and 3.5 per cent for the quarter. The Logan area has many suburbs within this large catchment area and like all other areas there are better named suburbs and of course better street to be buying in for all different reasons. Here are a few suburbs to look at when buying in the Logan area, Loganlea, Meadowbrook, Crestmead, Marsden and Rochedale South have all benefited from increased demand from first home buyers due to their affordability.

Investor are also favoring these areas not only for the growth but the rental returns and with huge demand for good rental properties. From an investment point view the things that really help with the growth and rental demand are E.G Loganlea has train station which has the express trains to and from Brisbane the Gold Coast stopping at this station, TAFE and a UNI, assess to the M1 and shopping Centre’s

Let’s pick out one of these performing suburb and look more closely at it: Crestmead has benefitted from an attractive median house price tag of $320,500, while still experiencing tremendous growth for the quarter, its median house price is up 7.1 per cent. The area is proving increasingly popular amongst young families with natural parklands and multiple primary schools.

Over the year, Ipswich and Logan City also performed very well with median unit and townhouse price growth of 8.8 per cent and 5.2 per cent respectively.
There was notable increase in unit and townhouse sales in Moreton Bay over the period, with preliminary numbers up 30 per cent since the last quarter.
Caboolture was a standout suburb having increased its median unit and townhouse price by 5.7 per cent for the quarter and an impressive 15.1 per cent for the year.

As Hot Property Specialists Buyers Agency is working on the ground buying property everyday, we see these trends as they start even tho we keep up with all the report and Magazine regarding property and property investing but they do only report after at the end of the quarter. This article has been put together from our Experience, articles and reports the figure and %’s have been used from the last Queensland Market Monitor from REIQ, should you wish to purchase their report contact the REIQ directly.

**This information is based on our experience as buyers’ agents and our interpretation of published articles but at no time should you base your property purchasing solely on this article, you should seek the advice of your legal advisor/ account.